Euro speculation helps Unilever prices

- Last updated on GMT

Related tags: United states dollar, Euro, Unilever

On June 25, the Anglo-Dutch consumer products giant Unilever
recognised that the imminent introduction of the euro single
currency had helped accelerate...

On June 25, the Anglo-Dutch consumer products giant Unilever recognised that the imminent introduction of the euro single currency had helped accelerate price increases on some of its products, reports the Financial Times​. Unilever fears that it would not be able to raise prices shortly before and after the euro's debut in 2002, since changes then could make the transition to new notes and coins even more confusing. Instead, the group has decided to implement planned increases on certain products early, to avoid being mired in stagnant prices at the end of 2001 and early next year. Unilever​ did not say which products had been affected but it is understood that most of the increases have taken place already. Unilever said it expected sales for the second quarter to grow nearly 4 per cent, stripping out acquisitions and disposals, with its leading brands growing at a rate of more than 4.5 per cent. Source: Financial Times

Related topics: Market Trends

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